C O N T R A C T TO S E L L

KNOW ALL MEN BY THESE PRESENTS:

This instrument, executed by and between:

BONGG A. ALVAREZ, of legal age, married, Filipino, with postal

address at Batasang Pambansa, Kahiya-hiya Street, Quezon City, hereafter
referred to as the VENDOR,

WIGGY E. AGUIRRE, of legal age, married, Filipino with postal

address at NBICompound, Tanga St, Manila, hereafter referred as the
VENDEE,

W I T N E S S E T H:

THAT, the VENDOR is the absolute and registered owner of a house

and lot located at 13 Querida St., Inner Mandaluyong, with an area of 375
square meters, more or less covered by Transfer Certificate of Title No. 12345
of the Register of Deeds of Mandaluyong;

THAT, the VENDEE has offered to buy and the VENDOR has agreed
to sell the above mentioned property under the terms and conditions herein
below set forth;

NOW THEREFORE, for and in consideration of the total sum of

PESOS: ELEVEN MILLION THREE HUNDRED THOUSAND only
(Php: 11, 300,000.00) Philippine Currency, and of the covenants herein after
set forth the VENDOR agrees to sell and the VENDEE agrees to buy the
aforesaid property subject to the following terms and conditions:

1. The total consideration shall be PESOS: ELEVEN

MILLION THREE HUNDRED THOUSAND only (Php:
11,300,000.00), Philippine Currency.

2. The amount of PESOS: THREE MILLION TWENTY-

THREE THOUSAND SEVEN HUNDRED EIGHTY-SIX
only (Php: 3,023,786.00) shall be paid by the VENDEE to
the VENDOR representing THE EARNEST MONEY
DEPOSIT upon execution of this Contract to Sell and shall
be considered part of the Total Contract price.

3. The VENDEE shall apply for a home loan with Calida Lugi
Bank in the amount of PESOS: EIGHT MILLION TWO
HUNDRED SEVENTY SIX THOUSAND TWO
HUNDRED FOURTEEN only (Php: 8,276,214.00)
 representing the remaining balance of the Total Contract
price, which the VENDEE shall pay to the VENDOR on or
before ________________________.

3.1. The bank’s LETTER OF GUARANTEE shall be

presented to the VENDOR by the VENDEE
simultaneously with the payment of THE EARNEST
MONEY and the signing of this Contract to Sell;

3.2. In case the VENDEE withdraws from this Contract, the

VENDOR reserves the right to forfeit any and all
payments the VENDEE may have made under this
Contract .

4. All pending utility bills, if any, Real Property Tax up to the

time of sale, and Capital Gains Tax, shall be for the account of
the VENDOR.

5. Documentary Stamps Tax, Registration Fee, registration

expenses, and all other miscellaneous fees and expenses shall be
for the account of the VENDEE;

6. Upon full payment of the Total Contract Price, the VENDOR

shall sign and execute a DEED OF ABSOLUTE SALE in favor
of the VENDEE. The VENDOR shall likewise execute and/or
deliver any and all documents, including but not limited to the
original copy of Transfer Certificate of Title, Tax Declaration,
Certificate of Tax Clearance and all other documents necessary
for the transfer of ownership from VENDOR to the VENDEE.

6.1. Vacant possession to the subject property shall be

delivered by the VENDOR to the VENDEE upon full
payment of the total consideration.

IN WITNESS WHEREOF, the parties hereto have signed these

presents at Quezon City on April 1, 2017.

__________________ __________________
BONGG A. ALVAREZ WIGGY E. AGUIRRE
Vendor Vendee

W I T N E S S E S:

_____________________ _____________________
 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )

CITY OF ___________________) S.S.

IN THE CITY OF _______________, Philippines, personally

appeared before me, Bongg A. Alvarez with ______________ issued at
________ on ____________, and, Wiggy E. Aguirre with
______________issued at________________ on _____________________,
both of whom are personally known to me to be the same persons who
executed the foregoing instrument, and they acknowledged to me that the
same is their free and voluntary act and deed,.

I further certify that the foregoing instrument is a contract to sell of a

residential house and lot located in Quezon City, and consists of 3 pages,
including this page, and is signed on each and every page by the said parties
and their instrumental witnesses.

WITNESS MY HAND AND SEAL.

NOTARY PUBLIC

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